Mortgage protection insurance explained

[Rellyguuuwop]

Im a agent that sells mortgage protection. Thats the old school policy he is talking about you can get a mortgage protection policy that has a level benefit and level premium FYI

[BrandonCalderon-cu]

“If you die, it’ll pay off your policy” that made no sense

[JennineMorel]

The property that you are insuring does not necessarily decrease in value. Depending on the economy, it may be increasing in value. What IS decreasing in the amount owed on the PRINCIPLE based on how much your initial home price was, how much you financed, have you ever refinanced the mortgage and other factors.
Mortgage insurance IS a term policy snd should be reevaluated every year based on the amount of what's left on the principal to pay.
I still say that mortgage insurance is a good thing because I have seen too many families lose a home for not being able to pay the mortgage when something happened to the breadwinner in the family.
Get the mortgage insurance (term), get the disability and waiver of premium riders AND also have your policy reevaluated EVERY year.
Trust me, you want this in place.

[edditee]

Get a level, not a decreasing term. Simple.

[tareeajohnson]

Love this info! Putting this away in the knowledge vault and passing it on to others. THANK YOU!

[BrandonCalderon-cu]

He straight up did not answer the question 😂 but wants his viewers to take his advice

[udqxcij]

Sheeshhh 1 million! This was awesome. Thank you for sharing the gems as always

[colinmaddox]

I sell "mortgage protection" but all it is .. well depending on their circumstsnced is a 10-30 year term with an ROP rider.

[MiladM]

Some term they can get their money back so it’s not just protection it’s also a good saving account if they outlive it they have money they get back all at once

[robinscompere]

True true true that is why Primerica does not sell Morgage ptection we simply sell term insurance which can be used to pay off the Mortgage

[tacrewgirl]

Mortgage protection insurance is a rip off. Just buy term life insurance (NOT whole life insurance) that will cover your mortgage and then some, in case of your death.

[faithworks]

What do you think about the “moneyback” option?

[erronjohnson]

At 20%, you can have it removed, correct?

[danahoward]

How can the premium on a Million dollar life insurance policy be SO low....$50??

[PrestonDean-dydp]

This guy doesn’t know what he’s talking about. And he contradicted himself. A term like insurance product like you just recommended can be wrapped up in a mortgage protection program like Americo’s HMS 125. Its term. Pays off the home when you pass away. Also has living benefits, that will pay you full the policy if you get really sick or terminally ill. And it’s also simplified issue which means no medical exam and urine analysis!

[firefightr_spike]

So... It "can" go down. Out of all the products I use, only two do that. The rest of them don't. The main value in the way we provide mortgage protection is it's living benefits, and all of our products that have those, have a level death benefit and level premium.

[SunsetOgreDrive]

Mortgage protection is a form of life insurance bro😭😭

[xXNewmoneyXx]

You wrong mortgage protection is good. Plan to protect home and Family. If the client died Beneficiary receive the money and pay the house and expenses

[JonGreen-lf]

Mortgage protection is a final expense plan with an accidental death rider. Incorrect information on YouTube is just there way of getting views

[colinb]

So just stop paying for it once you don’t need it